In a strategic move to strengthen their position in the electric mobility sector, French equipment manufacturer Manitou Group and China’s Hangcha Group have announced a new joint venture focused on lithium-ion battery production. This collaboration aims to support the growing electrification of material handling and off-road equipment.
The newly formed company, named MH Battery, will be equally owned by both partners. Headquartered in China, MH Battery will develop and manufacture battery packs specifically designed for industrial machinery and electric-powered lifting equipment. The production is expected to begin by early 2026, serving both global and regional markets.
With the global demand for electric industrial vehicles rising sharply, both companies see this partnership as a step toward self-reliance in battery supply and innovation. Manitou Group stated that the venture would help improve its supply chain stability and enhance the performance of its electric product lineup.
The JV will focus on battery technologies that ensure extended lifespan, faster charging, and improved energy efficiency. These battery packs will initially be used in equipment sold by Manitou and Hangcha, with plans to expand distribution to other OEMs in the future. The companies also emphasized the venture’s alignment with their broader sustainability goals.
By investing in localized battery production, Manitou and Hangcha aim to reduce reliance on external suppliers while enhancing quality control and cost competitiveness. This move is expected to accelerate the transition of industrial fleets from diesel to electric power, especially in logistics, construction, and warehousing sectors.
This partnership highlights a growing trend among global equipment manufacturers to invest directly in battery tech. As regulations tighten and demand for clean machinery rises, the Manitou-Hangcha venture marks a forward-looking step toward building a more electrified and sustainable industrial future.
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